Todd Burdick Sells 27,633 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Todd Burdick sold 27,633 shares of Peyto Exploration & Development stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$25.82, for a total transaction of C$713,484.06. Following the sale, the insider directly owned 230,500 shares of the company’s stock, valued at C$5,951,510. This represents a 10.70% decrease in their ownership of the stock.

Peyto Exploration & Development Price Performance

Shares of TSE PEY traded down C$0.21 during mid-day trading on Tuesday, reaching C$25.54. 762,107 shares of the company were exchanged, compared to its average volume of 1,041,099. Peyto Exploration & Development Corp. has a 52 week low of C$17.92 and a 52 week high of C$29.22. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 36.62. The stock has a market capitalization of C$5.23 billion, a PE ratio of 11.06, a PEG ratio of -0.46 and a beta of -0.20. The company’s 50 day moving average price is C$26.12 and its 200 day moving average price is C$24.58.

Peyto Exploration & Development (TSE:PEY) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.82 earnings per share (EPS) for the quarter. Peyto Exploration & Development had a net margin of 40.47% and a return on equity of 16.78%. The company had revenue of C$426.40 million during the quarter.

Wall Street Analysts Forecast Growth

Several research firms have commented on PEY. Royal Bank Of Canada lifted their price target on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a research note on Friday, February 20th. Desjardins lifted their price target on shares of Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Finally, TD Securities downgraded shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price target on the stock. in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$26.08.

About Peyto Exploration & Development

Peyto Exploration & Development Corp (Peyto Exploration & Development) is an oil and gas company that involves in the exploration and development of natural gas. The company acquires, explores, develops and produces crude oil and unconventional natural gas reserves.